After Market Performance of Venture Backed and non Venture Backed IPOs - Softcover

Charbaji, Suzanne

Softcover

ISBN 10: 3330966912 ISBN 13: 9783330966918

Publisher: Noor Publishing, 2017

Synopsis

This paper examines the effect of Venture Capital (VC) reputation on the three year aftermarket performance of its invested IPO firms. A sample of 3,220 U.S. Initial Public Offerings (IPOs) firms for the 1990-2005 period is used to test the hypotheses. To measure the VC reputation effect, I use two proxies which are: number of companies taken public by the VC and the age of the VC. The findings of the paper show that VC-backed firms perform better than non VC-backed firms in the first, second and third year of issuance. Also, reputable VC-backed firms perform better than average VC-backed ones in the second and third year of issuance. The findings confirm the VC effect and the VC reputation effect on the long run after market performance of IPO firms.

About this title

About the Author:

Mrs. Suzanne Charbaji obtained her Masters degree in Business Administration from The American University of Beirut in 2011. In 2008, she published a chapter in “Global Perspectives on Corporate Governance & CSR” entitled “The Missing Ingredient to an Effective Corporate Governance System in Lebanon.” She is the recipient of Beta Gamma Sigma Award.

About this edition

• Publisher: Noor Publishing
• Publication date: 2017
• ISBN 10: 3330966912
• ISBN 13: 9783330966918
• Binding: Paperback
• Number of pages: 60